STAROIL DENMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About STAROIL DENMARK A/S
STAROIL DENMARK A/S (CVR number: 21408042) is a company from KØBENHAVN. The company recorded a gross profit of -1.4 kUSD in 2022. The operating profit was -1.4 kUSD, while net earnings were -3.7 kUSD. The profitability of the company measured by Return on Assets (ROA) was -0.1 %, which can be considered poor and Return on Equity (ROE) was -0.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 52.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. STAROIL DENMARK A/S's liquidity measured by quick ratio was 2.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -5.17 | -1.45 | -1.41 | ||
| EBIT | -5.00 | -4.93 | -5.17 | -1.45 | -1.41 |
| Net earnings | -4.49 | -5.47 | -8.44 | -0.61 | -3.67 |
| Shareholders equity total | 571.41 | 565.94 | 557.50 | 556.88 | 553.21 |
| Balance sheet total (assets) | 1 068.46 | 1 062.69 | 1 054.74 | 1 054.13 | 1 050.46 |
| Net debt | 451.14 | 451.40 | 457.56 | 455.64 | 459.06 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -0.5 % | -0.5 % | -0.5 % | 0.0 % | -0.1 % |
| ROE | -0.8 % | -1.0 % | -1.5 % | -0.1 % | -0.7 % |
| ROI | -0.5 % | -0.5 % | -0.5 % | 0.0 % | -0.1 % |
| Economic value added (EVA) | -30.94 | -30.11 | -31.58 | -27.66 | -27.49 |
| Solvency | |||||
| Equity ratio | 53.5 % | 53.3 % | 52.9 % | 52.8 % | 52.7 % |
| Gearing | 86.4 % | 86.9 % | 88.5 % | 88.6 % | 89.2 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 |
| Current ratio | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 |
| Cash and cash equivalents | 42.35 | 40.34 | 35.94 | 37.86 | 34.44 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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